Bill 3,626/2023 taxes online betting companies. Revenue estimates, considered conservative by the government, are R$2 billion (US$ 405m) in 2024 with the measure, but could reach R$10 billion (US$ 2,025bn) per year, according to calculations by the rapporteur, senator Angelo Coronel (PSD-BA), who defends the approval of the proposal.
The funds will help the government increase revenue and meet the goal of closing the fiscal deficit. Coronel read his opinion during last week's session and stated that several types of online gaming already operate in Brazil clandestinely.
In addition, the project dictates other rules involving advertising, responsible gambling, forms of financial transactions between bettors and betting sites, and allows online gambling and advertising.
The project also defines the taxation on bettors, which, according to the report by Senator Angelo Coronel, must be collected when preparing the annual Income Tax declaration on income exceeding R$ 2,100.
Senators against the text argue that the proposal would pave the way to release “virtual casinos without supervision”. Those in favor argue that the measure does not create new betting modalities, it only regulates a 2018 law (Law 13,756) and guarantees the government revenue from games that are already in operation.
Source: GMB / Agência Senado
